Oil, Opec, U.S., China, Iran, Venezuela, Russia, Middle East, Prices

Oil, Opec

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

22.10.2019

Oil prices edge up on U.S. - China trade optimism, but demand concerns cap

Brent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2%.

U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as negotiators from the two nations work to nail down a Phase 1 trade deal text for their leaders to sign next month when they meet at November’s APEC summit.

Brent is down about 22% from its April peak, while WTI is down around 20% from its peak reached in April.

Adding to tensions, China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating back to the era of President Barack Obama, a document showed.

مزید پڑھ: Dunya News

China, U.S. made progress in trade talks - Chinese vice foreign ministerThe world wants China and the United States to end their trade war, he said. Fatf uno slamati council war mai 1 Yha e darma chuitya khi k

Oil tanker overturns, 40,000 liters diesel spills out on Indus HighwayThe injured persons were taken to a nearby hospital for medical attention.

US mulls leaving some troops in Syria to guard oil: Pentagon - 92 News HD PlusThe Pentagon is considering keeping some US troops near oil fields in northeastern Syria alongside Kurdish-led Syrian Democratic Forces (SDF) to help deny oil to Islamic State militants, Defense Secretary Mark Esper said on Monday.

US hopes China will ease restrictions on diplomatsBranstad was himself denied access to Tibet twice before finally getting permission to go in May.

China, U.S. made progress in trade talks - Chinese vice foreign ministerThe world wants China and the United States to end their trade war, he said. Fatf uno slamati council war mai 1 Yha e darma chuitya khi k

US mulls leaving some troops in Syria to guard oil: Pentagon - 92 News HD PlusThe Pentagon is considering keeping some US troops near oil fields in northeastern Syria alongside Kurdish-led Syrian Democratic Forces (SDF) to help deny oil to Islamic State militants, Defense Secretary Mark Esper said on Monday.

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